| The last century, China, Japan and many other countries have experienced rising and falling interest rates in the process. Insurance company launched life insurance products of high rate during period of high interest rates. By the impact of falling interest rates, they have accumulated a huge amount of interest rate. Aging is a world trend, China is no exception. Population aging will affect the capital supply, demand interest rates, and could have serious negative impact on the life insurance industry. This article will biochemistry within interest and studied changes in the context of population aging capital supply and demand, interest rates and other economic variables, analysis of population aging in the context of the interest rate risk characteristics. This paper discusses the measures to prevent the interest rate risk, and proposed a series of countermeasures.Basing on the different stages of the life cycle of consumption, savings features, we define the relevant analysis indicators. Dependency ratio and labor ratio are capital supply indicators.Capital requirement coefficient and demand for real estate index is the capital demand indicators.Consumption savings ratio is the size of the life insurance business index and asset price index.Basing on quantitative and qualitative analysis, we use the population data published by the authority to calculate relevant indicators, and then analyze the various stages of life insurance interest rate risk. We use demographic and economic data related to the United Nations and the World Bank publicly released, and then calculate Chinese capital supply and demand rates,consumption savings rate and other indicators, to analyze the impact of population aging on formation and development of life insurance interest rate risk, mainly from book interest rate setting, product development, the life insurance industry size and financial point of view to explore an aging population impact on life insurance interest rate risk.We found that population aging will affect many aspects of life insurance interest rate risk.Given the seriousness of China's future population aging, the paper proposes countermeasures for interest rate risk, mainly from product development, channel funds, the interest rate setting angles to prevent and resolve life insurance interest rate risk. |
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